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convincing win over republican challenger mitt romney in the 2012 election. aides say obama has immediately turned to the so-called fiscal cliff of $700 billion in expiring tax cuts and automatic spending reductions set to take effect at the end of the year. under the terms of last year's debt deal, obama and senate democrats must agree on a deficit reduction package with house republicans or face automatic cuts that will likely contract the economy. on wednesday, both senate majority leader harry reid and house speaker john boehner pledged to negotiate in good faith. >> the american people want us to work together. republicans and democrats want us to work together. they want a balanced approach to everything, but especially the situation we have dealing with this huge deficit and taxes that are part of that. >> there is an alternative to going over the fiscal cliff. it involves making real changes to the financial structure of entitlement programs and reforming our tax code to curb special interest loopholes and deductions. by working together and creating a simpler, cleaner tax code, we
, it closed below 13,000 and when you look at the broader markets, all were down 2.5%, so is the election really to blame? "outfront" tonight, michael farr, author of restoring our american dream. good to see you. i know there were a lot of markets often go down on the day after an election and they're worry about the fiscal cliff and europe. >> you really can't tell. certainly we had a couple of point run-up prior to the election and then this morning without the distraction of all of a political punditry and bluster, we see marcus all of a sudden come back down. perhaps investors confronted the fiscal cliff and what's going on in greece. they need another $40 billion. china's slowing and we've got 2% gdp growth. fairly tepid. >> the credit rating agencies, the we couldn't make a deal last time around. fitch was one of them just hours after the president was re-elected. said if they don't avoid the fiscal cliff, we're going to face another downgrade. they say hey look, the first downgrade, it still hasn't caused interest rates to surge. should we be? >> we saw the rates rally and go lowe
rights. tuesday's election revealed new le le lessons. why could porn be leaving l.a.? a new law passed tuesday may run skin flicks out of town. >>> good morning, everyone. i'm randikaye. we begin with a bomb shell. david petraeus stepped down after admitting to having an extramarital affair. the general's affair was uncovered in an investigation by the fbi involving his biographer paula broadwell. cnn has not been able to reach broadwell for comment, and it's unclear if she is the woman that he admitted to having an affair with. we get more on general petraeus and his year from chris lawrence. >> david petraeus sent this letter on friday admitting that he had an affair and telling the staff that he had gone to the white house on thursday and asked president obama to accept his resignation. on friday, during a phone call, the white house says the president did accept petraeus' resignion, throwing his national security team into flux just days after the election. by the same david petraeus got his first taste of real combat, he was a 50-year-old major general. he commanded the 101st airb
that the fbi did not realize until election day that general petraeus was involved. it just doesn't add up. >> petraeus resigned from the post as cia director friday and mitt head had an affair. and then sources said that the affair was with whiz biographer paula broadwell. more on that in a few moments. >>> bipartisan agreement appears to be in the work. charles schumer and lindsey graham says that their path including a tough love to citizenship. they teamed up in 2010, and that plan went nowhere, but the republicans may have fresh motivation after election losses last week. >>> death toll from superstorm sandy has climbed to 113 with two more deaths reported in new york. two weeks after the storm crashed through the northeast, residents in new york and new jersey are clearing debris from their homes and battling the cold. commuting could -- combatting the cold could get easier for new jersey residents as the train will reopen tuesday. >>> and there is new pressure from u.s. and arab nations to meet. they met in qatar and agreed to call the new group the international coalition of the sy
't realize until election day that general petraeus was involved. it just doesn't add up. >> petraeus resigned from his post friday and admitted he had an affair. sources say the affair was with his biographer paula broadwell. >>> immigration reform appears to be in the works. charles schumer and lindsey graham say their plan involves a tough love path to citizenship. that plan went nowhere when they teamed up. there may be fresh motivation after election losses. >>> the death toll from sandy climbed to at least 113 with two more deaths reported in new york. two weeks after it crashed through residents in new york and new jersey are still cle clearing debris from their homes. the path rail system into manhattan will resume 5:00 a.m. >>> serious divergent rebel groups are formally united after the pressure from u.s. and arab nations. opposition leaders met in qatar and agreed to call their new group the national collisialiti forces of the syrian revolution. it's considered a final step no order to oust bashar. his group is fighting terrorists bent on destabilizing syria. >>> israel fir
>>> the looming cliff. president obama faces the first challenge after his re-election avoiding a fiscal crisis that could trigger a new recession. frustration builds in the northeast as thousands remain cold and in the dark after two powerful and damaging storms. >> this happened again so soon. feel very frustrating and anxious. >> members of the elite team six are reprimanded for allegedly revealing classified information. >>> this is the "cbs morning news" for friday, of november 9th, 2012. good morning. good to be with you. i'm terrell brown. we begin in washington. there is a new sense of urgency to avert a looming fiscal crisis. it's the so-called fiscal cliff a combination of tax hikes and spending cuts scheduled to kick in next year. both democrats and republicans are talking compromise but we have heard this all before. and in the just released report from the nonpartisan congressional budget office predicts dire consequences unless it's resolved. tokyo's nikkei and hong kong hang seng were down 1% and wall street investors are selling. the dow jones industrials were do
with what it comes after, the presidential election. what if we found out about that connection, if any, and why this comes just days after the election? >> reporter: well, that's a great question and i think a lot of those questions will be thrown at the white house, and they have already, i can assure you. the fbi, obviously, if there was an investigation going on would have known about this, the white house would have known about this. but there's not always necessarily a reason to make a change. if there is an investigation and anything serious that they feel like they need the opportunity to follow up on, there's a chance that moves wouldn't have been made. but the timing of it, obviously, with the election coming up is very curious. >> and there are some who say that the benghazi hearings are next week, following up on the attack at the consulate in libya. >> reporter: that's right. >> there are concerns that maybe this is a conspiracy, that this was timed perfectly to get the cia director out before that. any reporting on that? >> reporter: well, there are a lot of conspiracies i
stepped in to clarify the situation. as for governor romney, he may have lost the election but victory will always be spelled m.i.t. on the "ridiculist." that does it for us. thanks for watching. "early start" begins now. >>> i'm really proud of them. i'm really proud of them. and -- >> raw emotion. the leader of the free world sheds a tear as he talks, with pride, about his campaign. >> a tear or two. secrets spilled. the leak may be sealed giving up classified information for money to the makers of a video game. >> and worldwide inspiration. a new look at the pakistani teen who stood up to the taliban, and almost paid with her life. good morning, everyone. welcome to "early start," i'm john berman. >> and i'm zoraida sambolin. nice to have you with us this morning. it's 5:00 a.m. in the east. up first, 63 days and counting until we head to the fiscal cliff. if these two men cannot find a way to compromise the impact on the economy could be catastrophic. president obama delivers a big economic speech in about eight hours, and he wants tax cuts for the wealthy to extire. house speaker
security team just days after the election. by the time david petraeus got his first taste of real combat, he was a 50-year-old major general. in 2003, he commanded the 101st airborne during the march on baghdad. it was in iraq that he asked a roert, tell me how this ends suggesting trouble the u.s. would have there in later years. they gained the nickname king david, used affectionately by supporters and by those who labelled him a celebrity general in 2007 president bush assigned petraeus to lead the troops in iraq and he wrote the petraeus doctrine. a scandal brought him back to command another war when president obama fired stanley mcchrystal for his unflattering comments to "rolling stone," obama tapped general petraeus as the man to staff the war effort. because of his name recognition among the american people, petraeus was surrounded by speculation that he had political ambitions. some wondered if he would appear on the republican presidential ticket. but petraeus knocked down those rumors. >> we're not out there running a political campaign. we're running a war. >> reporter: at a
obama's election win? traders share their opinions later in traders unplugged. but first, in the wake of superstorm sandy, business owners are looking into disaster recovery options. learn how to protect yourself next, with bill moller. recently 2 east coast storms in 2 weeks. the weather can really wreak havoc, not just with lives of citizens, but also with the smooth operation of businesses. companies protect themselves, of course, with insurance, but more & more companies are implementing disaster recovery systems. let's talk with curtis peterson. he's vice president of operations for ringcentral, a cloud business phone system provider. and curtis, a business insures the hardware, but the point is they also need to back up the software, and that's what disaster recovery is all about. > > it sure is. and it's really backing up both. it's making sure that the hardware and is protected, and specifically the data on the systems is retained during any of these types of disasters that you mentioned. > > hurricane sandy took out a lot of businesses along the east coast and their systems.
and, yet, now it appears that they're saying that the fbi didn't realize until election day that general petraeus was involved. it just doesn't add up, and you have this type of investigation. the fbi investigating emails, the emails leading to the cia director and taking four months to find out that the cia director was involved. i have real questions about this. i think a timeline has to be looked at and analyzed to see what happened. now, as far as leaving the hole, general petraeus was an outstanding general, outstanding, dedicated public official. he is going to be missed. as i'm sure senator mendez would agree, no one is irreplaceable in government, but he will have at least a short-term impact any time you lose someone like general petraeus's stature, especially under these circumstances, it does create -- again, at least a short-term gap, but, again, there are other people there who can and will definitely fill in, but i go back to the point that this just doesn't add up. the whole tileline here as to how this investigation will be your level. >>. >> i'm suggesting t
reserve board. scott, the election, first of all, that pulled 400 points from the market, the dow, and president gave a talk, but the markets flat. what's it take to put the 400 points back into the market? >> you know, david, when we talk about the election, i don't think it mattered whether it was obama or romney because, remember, the eve after the election, after obama had already been declared the winner, futures were up, and then about five o'clock central time, the morning, we got that news coming out of europe, groggy, that maybe this con they onin europe was now heading towards germany. david: scott, scott, stop there. you say the 400 points from the markets the two days after the election had nothing to do with the election? >> some of it did, but i'm telling you, much of the momentum on wednesday morning was due to the news out of europe, and last day or two is just a follow-through. now, to date, disappointing we couldn't hold the rally? absolutely. i tell you the traders down here behind me issue everybody is flat, and everyone now believes the next move is going to b
're going on two days now since the election with several house races still too close to call. it is not over yet, everyone. good morning. welcome to "early start," everyone. >> nice to have you with us. it is 5:00 a.m. in the east. up first, we're going to start with mother nature. she is showing absolutely no mercy. this morning the northeast is getting rocked again. it is a powerful nor'easter pounding a region already devastated by superstorm sandy. 600,000 people without power for nine days in new york and new jersey. some forced to evacuate or hunker down overnight in the face of 60 mile an hour winds, two to four foot storm surge and a half foot of snow. more than 1,000 flights were canceled in new york and philadelphia. the path train between new jersey and new york is back to limited service under the hudson river after being shut ahead of the storm. penn station in new york was closed for a while last night. but it is back open today. my goodness. we have team coverage of this untimely winter storm. suzanne candiotti is live in new jersey. first, we begin with rob ma
. the election is over. now it's time to get to work. >> so talk, soledad, of working to the. but you might say speaker boehner has said tax rates for the wealthy can't go up. they're at 35% right now. they're scheduled to go up above 39% by the end of the year. then you say president obama said he will veto anything that does not increase tax rates on wealthy americans. you wonder where is the middle ground there? the middle ground, it appears, and we don't know the details on this, would be moving towards a framework on tax reform. you know right now, even a lot of people who might fall under that 35% tax rate, income bracket, they don't pay that. that's not their effective rate. so if you simplify the tax code. maybe some of the change comes out in the wash. you could actually increase revenue. increase tax dollars without changing that tax rate. we don't know the details, though. and they really have to be worked out and this week is really the start of that process. >> the sound of that ticking would be the clock of the fiscal cliff clock that we're monitoring because it all comes to an en
today. >>> washington looks at old arguments through a post-election prism. and the sudden end of a distinguished career. >> today. can they hear each other now? >> we can't just cut our way to prosperity. >> feeding the growth of government through higher tax rates won't help us solve the problem. >> avoiding the fiscal cliff. the downfall of the cia chief and the remains of superstorm sandy. with new jersey senator bob menendez and new york congressman peter king. then dissecting tuesday's results with california governor jerry brown. plus, cnn's dana bash looks at the grand old party and the new electorate with a foursome of republicans. former presidential candidate jon huntsman, congresswoman cathy mcmorris-rodgers. former commerce secretary carlos gutierrez, and conservative activist gary bauer piem candy crowley. and this is "state of the union." >>> good morning from california. the state that led the tax cut revolution in the late '70s but this past tuesday voted to raise taxes. we'll talk to governor jerry brown later in the show. but first, that fiscal cliff. those t
first remarks on his agenda since election night. noomb snowboard everybody is talking about the fiscal cliff. i would talk about the fiscal cliff if i knew what it was. >> can't get through friday with this amount of gas. >> parts of new york rationing gas in the wake of superstorm sandy. extreme weather is here to change. climate change is a reality. >> the judge sentenced jared loughner to life in sentencing in a mass shooting. >> it was intense when he walked in the room. gabby said for her the biggest emotion was sadness. >> seven navy s.e.a.l.s have been punished for disclosing classified information to the maker of a video game. >> a deer crashed into a plate glass window. >> what did you do to make the deer angry? >> maybe our hours weren't long enough. >> all that -- >> do you see anything in porn that attracts you at all? >> no, pat. >> -- and all that matters. >> the president was speaking to campaign workers and got very emotional. >> i'm very proud of all of you and -- >> cbs "this morning." >> some changes are expected in the obama administration. secretary of state hillar
administration knew about this before the election? >> no, but wouldn't we all love to know the answer to that. that really is a burning question. just days after the election, something like this comes out. clearly something like this had been going on for a while. it wasn't -- you know, it's not likely that a couple of days after the election, general petraeus had a crisis of conscience and decided this is the time now for me to come clean on everything. which also makes you wonder, did other people know about this? was there the possibility they could have used this against him or to black mail him in any way? that would have spoken directly to his ability to protect secrets as well. lots of unanswered questions. more will be coming out in the coming days. >> the other questions, did the administration, if they knew about it decide not to let this be announced before the i election because they didn't want to do anything that would impact the election? does that raise security concerns. fran, cnn is not reporting that petraeus admitted to having an affair, just that he admitted to having an
. the first one that will happen here at the white house, since his re-election. the president and the first family return here to the white house, late yesterday. the staff was planning to have a welcome out on the south lawn, but because of bad weather, marine one could not land here, so it was a low-key arrival. what's on the president's agenda, moving forward, you've been talking about dealing with the fiscal cliff, also the president has to work on trying to unite the country after a very divisive and very expensive campaign. in addition, the president will work very hard to try to build a different relationship with members of congress. we saw him already reach out by phone to john boehner, to mitch mcconnell, also to leadership in the democratic party. so we'll see if this promise of bipartisanship will last beyond just a couple of days. >> dan lothian for us this morning. thank you, dan. let's get right to john berman with a lack at some of the other stories making news today. good morning. >> good morning, soledad. cnn is projecting that ann kirkpatrick will return to congress. she
to the presidential election. what do i mean? banks were down sharply. the president has promised tighter regulation of banks. they've been fighting against it and hoping for republican presidency. insurers were down. insurance stocks are thinking well now obamacare is set in stone. it is real and it's going to happen. coal stocks were down. for-profit education stocks were down and so were dividend-paying stocks. for some wealthier investors the president really wants to raise taxes on investment income, so that could hit those stocks there. also hospital stocks moved higher. again it's that notion that now that the supreme court has spoken and, in fact, you have two terms of an obama presidency, obamacare is set in stone. hospital stocks moved higher. it wasn't just a re-election sell off by any stretch of the imagination. it was europe's financial crisis. we heard pessimistic words out of europe. that was a big part of it. actually started the selling. ffiscal cliff, the debt ceiling which gave birth to the dreaded fiscal cliff, we will be running up against the debt ceiling in a couple of weeks.
after the president was re-elected. coming just on the eve of major hearings involving the benghazi. >> right. >> -- the failed operation over there. what are you hearing? >> that's the one question senator finestein had. she says i don't understand the timing of this. she pointed out, yes, there are hearings coming up next week. she does -- there are questions about that. what she did say is kind of interesting to me about general petraeus is that she said he actually loved the job. she said he had a big design for the job. and that he had just returned from a five-day trip to the middle east. and she also had a point and i think she's seen a lot of this over the course of her long career which is she said the transition to civilian life is very hard when you're a general whose got medals from your shoulder down to your belt. and he was in a different environment at the cia. constantly being questioned. things being thrown at him. when you're a general, not so much. so she thinks there may have been a real adjustment for him. and i asked her whether she thought the white house woul
the house. >> president obama is expected to deliver his first remarks on his agenda since election night. >> everybody is talking about the fiscal cliff. and i would be talking about the fiscal cliff, too, if i knew what the hell it was. >> i can't get through friday with this amount of gas. i'm really stuck. >> parts of new york rationing gas in the wake of superstorm sandy. >> extreme weather, i believe, is here to stay. climate change is a reality. >>> judge sentenced jared lee loughner to life in prison in the massacre that injured gabby giffords. >> gabby said afterwards for her the biggest emotion was just sadness. >> seven navy s.e.a.l.s have been punished for disclosing classified information to the maker of a video game. >> deer crashed through a plate glass window. >> what did you do to make the deer angry? >> maybe our hours weren't suitable. >> all that -- >> touchdown. jacksonville 16 losing streak. >> here comes the headset. o you see anything in porn that tracks you at all? >> no pat. >> speaking to his campaign staffers and got really emotion
told me she was able to teach kids kids how elections impacted them. >> i said people decided that they wanted to pay for education. so it will be good for our schools. >> reporter: opponents are disappointed by the results today. a spokesman e-mailed me and said referring to governor jerry brown and his tax measure, he was able to use education to blackmail voters into supporting his tax increase. the voters were duped. but edge cater believe -- educators believe they care about funding public schools. alex savage, ktvu channel 2 news. >>> california state university is set to refund students for tuition increase after voters approved prop 30. the tax boost is expected to bring in $8.5 billion. they will now issue refunds, give credits and reconfigure financial aid packages. >>> a competing measure lost by a wide margin. prop 38 would have increases taxes on earnings using sliding scale, for twelve years. >> we have made a great start with prop 38. we have raised consciousness about a problem that california has which is the underfunding of its children. >> she financed the m
? dow seeing the worst day of the year, plummeting 300 points the morning after the election. fears after fiscal cliff driving investors out the door only hours gave president obama another four years in the white house. that is where we start today. good morn i'm bill hemmer. martha: good morning, bill hemmer. i'm martha maccallum. a big piece of unfinished business, helping to push the dow below the 13,000 mark. a ugly day yesterday. washington failing to deal with the monster tax hike issue coming down the pipeline. mapped door budget cuts kick in in 54 days. house speaker john boehner says it is time for the president to lead. here he is is talking about that. >> mr. president, this is your moment. we're ready to be lead, not as democrats or republicans but americans. we want you to lead, not as a liberal or conservative but as president of the united states of america. we want you to succeed. bill: stuart varney, anchor of "varney & company", fox business network. the issues on the table are the same issues as monday. we want you to succeed by the way. what did you hear or what
science. it's just common sense. from ameritrade. stuart: two days after the election the fighting is starting on capitol hill. all about the fiscal cliff, the national debt and taxing the rich. no matter which way you look at it a tax increase looks almost certain and soon. here is senator harry reid. >> people making all this money have to contribute a little bit more. all the polling we have done, the vast majority of the american people support that, including rich people. stuart: the president and harry reid have more clout after the election and they are pushing tax the rich. house speaker john maynard taking a much softer line. is he hinting compromise on tax money to washington? listen to this. >> there's an alternative to going over the fiscal cliff. in whole or in part. involves making real changes to the financial structure of entitlement reform and reforming our tax could occur bit special-interest loopholes and deductions. imus: got that? organized labor's joining the conversation. tax now, cut later. richard trumka says don't worry about the deficit. >> we strongly be
first remarks of the white house since his election. expected to focus on the fiscal cliff in the broader economy. those comments live in just a few minutes. lori: interesting. the remarks coming after they come off of the weakest decline in a year. the markets near session highs, but will the market like what they hear? melissa: plus, what will the next four years mean for the oil and gas industry? the ceo will join us coming up. but it is time for stocks as we do every 15 minutes let's head to the floor of the new york stock exchange. stocks are climbing higher after the two-day drop. sandra: they did not start out that way, there was fear we would have another dramatic selloff today. now we are somewhat up from about 61 points. that is not exactly a rally. bouncing back a little bit ahead of the weekend, but still the worst two-day drop in a year, 434 points loss over that wednesday and thursday. as we face a fiscal cliff, consumer sentiment one piece of economic data that came out today better than expected in november hitting a five-year high, getting a little bit of a
question in the election. it was debated over and over again. on tuesday night, we found out that the majority of americans agree with my approach. that includes democrats, independents, and a lot of republicans across the country, as well as independent economist and budget experts. that is how you reduce the deficit with a balanced approach. so our job now is to get a majority in congress to reflect the will of the american people. i believe we can get that majority. speaker boehner agreed that tax revenue has to be part of this equation. i look forward to hearing his ideas when i see him next week. i would like to make one final point that every american needs to hear. right now, congress has failed to come to an agreement on an overall deficit reduction package at the end of the year. everyone's taxes will go up on january 1. everybody's come including a 98% of americans who make less than $250,000 a year. that makes no sense. it would be bad for the economy and would hit families that are already struggling to make ends meet. fortunately, we should not need long negotiat
a it took to re-elect president barack obama. millions of women's votes who helped us elect a record number of women to the congress of the united states. as you look forward understand that you are looking into the future. the future of empowerment of women in america. you saw some of these faces yesterday among the new members elect. i said then that they were part of the most diverse caucus in the history of the world, the first time that a parliamentary body would have a party when a majority of women and minorities as its strength, and we're very, very proud of that. said yesterday we did not have a majority but we have the gavel. excuse me. we don't have the gavel. [laughter] we don't have the -- we have something more important. we have unity. we do not have the gavel. we do not have the majority. but we have unity. i think our caucus this morning demonstrated that very clearly. so i come here with my sisters. when i came to congress 25 years ago, there were about 23 members of congress who were women out of 45. just think of that. 11 -- 12 democrats, 11 republicans. something like t
Search Results 0 to 49 of about 174 (some duplicates have been removed)